Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business partner you never knew you were missing!

Link: https://www.tokeet.com/?ref=ztfjzgj

THE AIRBNB CONSULTANT - CONTACT US

https://airbnbconsultant.co/

DESCRIPTION

For this toolbox episode, Alex talks about how to scale your Airbnb rent to rent business, to go from securing your first deal to generating income from multiple properties. To turn your side hustle into a business that enables you to give up your day job.

KEY TAKEAWAYS

• Start by mastering the management of your first property.
• If you don´t have your first property running smoothly, running more will be too much and you will fail.
• Put in place good systems that provide a flawless guest experience and keeps the property in perfect condition.
• Streamline your processes before you scale.
• Remove yourself from as many day-to-day tasks as possible e.g. cleaning or taking bookings.
• Use software and apps to automate as much as possible.
• Focus on building your network. Your network is not just agents. Cleaners, maintenance teams and other hosts can also be good sources of leads and partners.
• Treat your suppliers and team like gold, they are the ones that deliver the excellence that makes your business shine.
• Master cashflow. Short-term and long-term financial planning is crucial.
• Use the management model to start working with people who own properties that need attention. Later, they may rent to you.
• Work on the business not in the business.
• Invest in education for you and your team.

BEST MOMENTS

“Scaling isn´t about working harder. It´s about working smarter.”

“The 1st deal is always the hardest one…to scale you need to make sure you have a solid foundation in place.”

“That first property, that is your blueprint. This is where you're cutting your teeth making sure that you're getting everything right.”

“You've got to have repeatable systems in place that allow you to handle multiple properties without burning out.”

“Trust is crucial to your success.”

“In the UK, we've got this massive rental crisis. But it's not impossible.” – (finding more properties to rent and use for Airbandb)

EPISODE RESOURCES

How to secure that first R2R Airbnb deal direct to landlord episode - https://podcasts.apple.com/gb/podcast/how-to-secure-that-first-r2r-airbnb-deal-direct-to-landlord/id1725492164?i=1000675986688

Software that will make managing your property easier –

https://www.tokeet.com/?ref=ztfjzgj

https://rategenie.io

https://hello.pricelabs.co

https://turno.com

https://stripe.com

https://www.tidy.com

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business partner you never knew you were missing!
Link: https://www.tokeet.com/?ref=ztfjzgj

THE AIRBNB CONSULTANT - CONTACT US
https://airbnbconsultant.co/

DESCRIPTION
For this episode, Alex is joined by another young and inspiring entrepreneur - Jack Smith who started investing in property about 5 years ago. Today, at the age of 27 he has flipped numerous houses and built up a large portfolio of properties. He also sources and sells deals to other developers and is in the process of creating a luxury HMO portfolio. All while sharing his knowledge via social media and other free to access materials.

KEY TAKEAWAYS

Try to make your first deal a joint venture that you do alongside someone with experience.
Education is essential. It is the starting point.
Even though it is tough, push yourself to network to find partners and people you can learn from.
If you do quit your day job, do it at the right stage.
Leverage social media to build your brand, attract investors and make it easier to change direction and monetise your business in multiple ways.
Focus on motivated sellers that need to sell to solve urgent problems.
Doing a deal that helps the buyer makes sense for both parties e.g. buy fast before repossession and help them to move into rented accommodation. Win wins work.
If a property is not suitable you can still earn something by selling the details on to another developer that does want it. Deal packaging works.
There is huge demand for HMO rooms especially at the luxury end of the market.
It is now possible to use individual electricity meters for each room, which helps to control HMO power bills.

BEST MOMENTS

“I thought there was a lot more complexity to flipping a house, and I was actually surprised at how simple it was.”
“Just off that one video, 1000 investors signed up to our email list.”
“Education is the starting point. If you're not educated, if you don't know what you're doing, or at least what you could be doing, what's the point?”

EPISODE RESOURCES
https://www.jack-smith.co.uk
https://www.youtube.com/@jackdavidsmith

https://rightval.com

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business partner you never knew you were missing!

Link: https://www.tokeet.com/?ref=ztfjzgj

THE AIRBNB CONSULTANT - CONTACT US

https://airbnbconsultant.co/

DESCRIPTION

For this episode, Alex explains in-depth how to speak to landlords and persuade them to do deals with you. He shares where to find them, how to reach them and how to cut through the noise to get their attention. Alex provides you with a checklist of benefits you can use to seal the deal.

KEY TAKEAWAYS

• Focus at least 80% of your time on finding landlords and doing deals directly with them.

• Doing direct landlord deals gets you past some of the hurdles you cannot get past when dealing with agents, e.g. references for which the bar is usually incredibly high.

• Make sure that the landlord knows exactly what you are going to be using the property for.

• Most landlords worry about the negative impact your guests could have on neighbours. Be clear about how you stop this from being an issue.

• Offer long-term deals, 3-year contracts appeal to most landlords.

• Pay the landlord every month whether you have guests or not.

• Make it clear that you will maintain their property like a show home.

• Be clear about which aspects of maintenance you cover.

• Build trust, let them know that when you do not have guests they can meet you at the property to check things are OK.

BEST MOMENTS

"When you're dealing directly with landlords, you are removing 90% of the hurdles that are put in place by letting agents and the biggest one being referencing."

"Everybody needs to know the benefits that you can bring to them over running their properties as buy to let."

" You are not covered under the Housing Act, so you can't mess around like you can do on a residential AST contract."

“I'm going to be giving you back a property that is in a better condition than when I took it on,”

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.